In the mortgage loan processing step, documents must be obtained, reviewed, and verified by our support services team in order for underwriters to clear conditions. We create an easily accessible file library by compiling necessary documentation to close the mortgage and take action on verifications, appraisals, and titles. If any component is outstanding, our team notifies the loan processor of any missing or pending items and delivers an update to key stakeholders, giving details on bottlenecks and a tentative timeline for completion.
Processing Your Mortgage
Parties that work to put your loan into action during mortgage processing include the:
- loan processor, who collects required documentation from the loan officer and shares them with the underwriter for approval
- loan officer, who collects documents requested by the underwriter and prepares the loan file package for closing
- third-party vendors, who provide documentation and certificates that are typically requested by the loan officer
- underwriter, who must review all documentation and give final approval to move the mortgage to the closing stages